First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Sees Large Increase in Short Interest

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 2,121 shares, a growth of 18.6% from the February 12th total of 1,788 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 4,845 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 4,845 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust Indxx Innovative Transaction & Process ETF Trading Up 0.4%

LEGR traded up $0.24 during trading hours on Tuesday, hitting $58.81. The company’s stock had a trading volume of 3,000 shares, compared to its average volume of 8,096. The business’s 50-day moving average price is $60.91 and its 200-day moving average price is $58.66. First Trust Indxx Innovative Transaction & Process ETF has a 12 month low of $41.87 and a 12 month high of $63.02. The stock has a market cap of $123.50 million, a price-to-earnings ratio of 14.62 and a beta of 0.90.

Hedge Funds Weigh In On First Trust Indxx Innovative Transaction & Process ETF

A number of institutional investors and hedge funds have recently made changes to their positions in LEGR. Vertex Planning Partners LLC bought a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the 4th quarter worth about $208,000. Osaic Holdings Inc. grew its position in First Trust Indxx Innovative Transaction & Process ETF by 2.7% in the fourth quarter. Osaic Holdings Inc. now owns 22,814 shares of the company’s stock worth $1,358,000 after acquiring an additional 609 shares in the last quarter. Royal Bank of Canada grew its position in First Trust Indxx Innovative Transaction & Process ETF by 16.6% in the fourth quarter. Royal Bank of Canada now owns 4,539 shares of the company’s stock worth $270,000 after acquiring an additional 647 shares in the last quarter. Wells Fargo & Company MN increased its stake in First Trust Indxx Innovative Transaction & Process ETF by 22,400.0% during the fourth quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock worth $27,000 after acquiring an additional 448 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in First Trust Indxx Innovative Transaction & Process ETF during the fourth quarter worth approximately $1,139,000.

First Trust Indxx Innovative Transaction & Process ETF Company Profile

The First Trust Indxx Innovative Transaction & Process ETF (LEGR) is an exchange-traded fund that is based on the Indxx Blockchain index. The fund tracks an index of global equities selected based on their exposure to the development or usage of blockchain technology. LEGR was launched on Jan 24, 2018 and is managed by First Trust.